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There is no such thing as "exploit" in economics. It is a free market exchange of labor for wages.
Well then your economic theory is too incomplete to describe all the real world factors that are relevant to a decision with tangible human impacts. The minimum wage certainly fits this description.
Yes the people who work for minimum wage are dying in droves.
Not currently but in China before WWII the going rate of pay for a Rickshaw driver wasn't enough money to the driver alive. It wasn't a standard of living, it was a standard of dying.
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